New Risk Register

Use this function to add a new risk register item.

From the navigation pane, select Risk Register > Risks. The Risks window displays.

From the Select Actions drop-down list, choose New Risk. The Risks window displays.

Complete the fields referring to the table below.

When all selections/entries are made, click Add.

Risk Register Fields

Field	Description
Name	Generic name for this risk.
Description	Information that describes this risk.
Projects	The project to associate with the risk. Click Add...
Owner	An individual responsible for ensuring that risks are appropriately engaged with countermeasures undertaken. Click Add...
Changes	The change to associate with the risk. Click Add...
Impact Level	Provides an assessment of the impact that the occurrence of this risk would have on the project/change. Options include Very Low, Low, Medium, High, and Very High.
Probability	Provides an extent on how likely this risk will occur. Options include Very Low, Low, Medium, High, Very High, Issue and Blocker.
Status	Indicates the current state of a risk. The statuses of risks are New, Planning, Action, Pending, Resolved, Deferred and Deleted.
Type	Risks are classified into different categories based on the potential impacts like Customer, External customer, Management, Organization and Technical risks.
Strategies	Actions to be taken to avoid, mitigate, accept, or transfer the risk.
Trend	Provides an analysis on whether the risk is going to be Static, Decreasing or Increasing.
Trigger	Indicates the specific conditions when this Risk or Issue is realized.
Impacts	Indicates the impact to the project or program. Usually expressed in terms of cost, schedule and quality.
Source	Provides information about from where and how this risk/issue was first raised.
Info	Additional information that helps in describing the risk is documented.